Wall Street Memes ($WSM) has quickly become the 4th most traded meme coin in global crypto markets, just six days after its first centralized exchange listing. Since being listed on OKX on September 26, nearly $60 million worth of $WSM has been traded. This is a significant achievement for a token that is only six days old. Over the weekend, $WSM even surpassed Pepe and Shiba Inu in terms of 24-hour volume traded. Rumors suggest that Binance or Kucoin could be the next exchanges to list $WSM.
$WSM currently trades on several centralized exchanges including OKX, HTX, MEXC, LBank, CoinEx, BitMart, and BingX. It took Pepe 17 days from listing on decentralized exchanges to list on Binance, experiencing a 2,000% price increase. As altcoin season begins, $WSM has entered the scene at an opportune time. The fourth quarter of the year has historically been the best for crypto, and 2023 seems to be following that trend.
One reason for Wall Street Memes’ popularity is its connection with Elon Musk. Musk has interacted with WallStMemes’ X account on multiple occasions. Additionally, the MEXC exchange has opened the first futures market for the $WSM/USDT token pair, which adds to positive sentiment for the coin. The launch of two new Ether-based ETFs and Coinbase obtaining a payments license from Singapore’s financial regulator have also contributed to price momentum in the crypto market.
Wall Street Memes aims to democratize the financial system by bringing meme stock success to crypto. It already has a large community on social channels and over 36,000 members in its Telegram channel. Unlike other meme coins that lack utility, Wall Street Memes has been focused on utility from the start. It recently launched a staking platform and plans to release a major product this month. The team has also announced a burn program to decrease token supply and increase token value.
$WSM has seen an all-time high of $0.089 and is currently trading at around $0.060. Presale buyers who purchased at the lowest available price of $0.025 are sitting on a gain of 140%. The next price target for bulls is $0.10. The token has strong support between $0.050 and $0.040, with more buyers than sellers in that range. Analysts believe that $WSM could experience a parabolic price breakout.
For those looking for other meme coin opportunities, Meme Kombat ($MK) is one option. It is a platform for battling with meme characters and has raised $218,000 so far. Another option is Bitcoin Minetrix, which harnesses greenhouse gases and renewable energy sources for mining. The Bitcoin hashrate is currently at an all-time high, making it the most secure network in the digital world.
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